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Property profile & analytics
OFF-MARKET
Estimated value
$2,350,000
Hospitals
104 2nd St Erie, PA 16507-1502
Individually Owned
15-yr Hold
Free & Clear
Property ID
US73-2976032
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
2020
Construction
FRAME
Total area
178,533 SF
Lot
0.55 ac (23,749 SF)
Zoning code
WC2
APN
14-010-050.0-127.00
UPID
US73-2976032
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bayside Obstetrics Gynecology: Caufman Karey MD Physician
-
Dr. Abigail Orenstein, MD Physician
-
Timothy Ward Medical Clinic
-
Michael Bonidie Physician Medical Clinic
-
Mary Ackenbom Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.35M
Owner & transaction history
Upmc Hamot · 15 yrs held
Upmc Hamot
since 2011
2 recorded transactions
Zoning & alternative use
WC2 · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Erie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Erie submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$13 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$3,417,280
Assessed 2024
Previous assessed
$32,035,300
-89.3% YoY
Assessed land
$237,500
Assessed improvement
$3,179,780
Land market value
$237,500
Improvement market value
$31,797,800
Total market value
$32,035,300
Applied tax rate
14.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
2020
Construction
FRAME
Heating
NONE
Total area
178,533 SF
Lot
0.55 ac (23,749 SF)
Zoning code
WC2
APN
14-010-050.0-127.00
UPID
US73-2976032
Jurisdiction
ERIE
Zoning & alternative use
WC2 · Erie, PAZoning WC2 · permitted uses
WC2 · Erie, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2020
Construction
FRAME
Heating
NONE
Lot
0.55 ac
Current owner
From public records · entity-resolved
Upmc Hamot
Individual
Free & Clear · 15 yrs held
Mailing address
201 STATE ST, ERIE, PA 16550-0002
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2011
—
Upmc Hamot
Hamot,upmc
Quit Claim Deed
related
—
Jan 25, 2010
$230,000
Hamot Medical Ctr Of The City
Lakeshore Surgical Rlty
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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